News for '-grounded-kingfisher-airlines'

Grounded Kingfisher Airlines to pay Rs 12.9 lakh to ex-pilot

Grounded Kingfisher Airlines to pay Rs 12.9 lakh to ex-pilot

Rediff.com23 Dec 2014

Captain Sanjay Sudan had filed the suit against Kingfisher Airlines seeking recovery of around Rs 13 lakh (Rs 1.3 million), his outstanding salary for three months from the airline.

Grounded Kingfisher Airlines posts Rs 2,142 crore loss

Grounded Kingfisher Airlines posts Rs 2,142 crore loss

Rediff.com31 May 2013

The company had dent of about Rs 14,070 crore.

Goa's 2nd airport a big boost for regional aviation

Goa's 2nd airport a big boost for regional aviation

Rediff.com19 Jan 2023

Goa's second airport began operations last week and if all goes according to plans, the state will be the base for a new regional airline, Fly91. Promoted by the ex-executive vice-president of now grounded Kingfisher Airlines, Manoj Chacko, and Fairfax India's former head, Harsha Raghavan, the airline will offer no-frills buy on board product and serve unconnected routes with two ATR 72 aircraft. An application for the initial no-objection clearance was filed with the civil aviation ministry last week.

Airlines owe Rs 3,030 crore to Airports Authority of India

Airlines owe Rs 3,030 crore to Airports Authority of India

Rediff.com3 Mar 2016

Various airlines, including the defunct Kingfisher, owed Rs 3,030 crore (Rs 30.30 billion) to the Airports Authority of India (AAI) at the end of December last year.

Auditors cast doubts on SpiceJet's survival

Auditors cast doubts on SpiceJet's survival

Rediff.com18 Aug 2014

Jet Airways faces similar setback.

No takers for Brand Kingfisher Airlines

No takers for Brand Kingfisher Airlines

Rediff.com7 May 2014

Airline's lenders to meet next week to discuss next move.

Mallya could lose more of United Breweries

Mallya could lose more of United Breweries

Rediff.com1 Aug 2014

Mallya holds a 32.86 per cent stake in United Breweries, after having ceded control to Dutch brewer Heineken in December last year.

Woodpecker Air that brew intoxicants: CEA takes dig at Mallya

Woodpecker Air that brew intoxicants: CEA takes dig at Mallya

Rediff.com9 Mar 2016

Kingfisher Airlines, promoted by Vijay Mallya whose other group entities included United Breweries, owe close to Rs 7,000 crore to 17 banks.

KFA employees call off strike; no word on salaries

KFA employees call off strike; no word on salaries

Rediff.com7 Jun 2013

A section of the employees of the grounded Kingfisher Airlines on Thursday went on a hunger strike at the Kingfisher House in Mumbai, demanding immediate payment of salaries, which have been pending since last August.

Govt willing to support Kingfisher revival plan

Govt willing to support Kingfisher revival plan

Rediff.com22 Jan 2013

Kingfisher Chief Executive Sanjay Aggarwal met officials at the ministry of civil aviation to discuss the revival plan, which was earlier rejected by the regulator.

Revival plan: Kingfisher fails to provide details

Revival plan: Kingfisher fails to provide details

Rediff.com16 Jan 2013

Kingfisher chief executive officer Sanjay Agarwal met Director General of Civil Aviation Arun Mishra in New Delhi for 45 minutes to apprise him of the prevailing scenario facing the airline, but sources said he gave no information about any commitment by the airline's parent company, UB Group, on financing the revival plan.

Mallya writes to employees, lists out revival plan

Mallya writes to employees, lists out revival plan

Rediff.com10 Jan 2013

The employees of the grounded Kingfisher Airlines, who have not been paid for eight months now, on Wednesday threatened to file a winding up petition in the court under the Company's Act, if the management did not share its revival plan with them.

Kingfisher submits plan to restart airline: CEO

Kingfisher submits plan to restart airline: CEO

Rediff.com10 Apr 2013

The parent company, UB Group, is willing to pump in money.

India GP: Mallya questions Indian media's credibility

India GP: Mallya questions Indian media's credibility

Rediff.com27 Oct 2012

Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline.

Kingfisher aircraft seized over non-payment of tax

Kingfisher aircraft seized over non-payment of tax

Rediff.com11 Dec 2012

The Service Tax Department here has impounded an aircraft of the grounded Kingfisher Airlines for defaulting tax dues amounting to Rs 63 crore (Rs 630 million), officials said on Tuesday.

'If AI can be bailed out, why not Kingfisher'

'If AI can be bailed out, why not Kingfisher'

Rediff.com26 Nov 2012

The suggestion comes within days of reports that LIC and the Employee Provident Fund Organisation snapped up the entire Rs 7,400-crore (Rs 74-billion) bond issue of the debt-ridden Air India.

SBI says UB-Diageo deal a positive development

SBI says UB-Diageo deal a positive development

Rediff.com9 Nov 2012

It said a meeting would be held with the airline's management soon.

HC asks UB Group to finalise plans for dues of Rs 330 cr

HC asks UB Group to finalise plans for dues of Rs 330 cr

Rediff.com17 Mar 2013

Says will allow winding-up petition of aircraft lessors in case it fails to do so.

SBI: Giving Kingfisher every chance to restart

SBI: Giving Kingfisher every chance to restart

Rediff.com12 Feb 2013

The SBI chief said the bank was comfortable on the liquidity front.

Kingfisher should infuse Rs 2,000 cr for revival: SBI

Kingfisher should infuse Rs 2,000 cr for revival: SBI

Rediff.com22 Jan 2013

Kingfisher Airlines needs to invest at least Rs 2,000 crore to restart its operations, said one of its lender SBI's Chairman Pratip Chaudhuri.

Banks want debt repayment in KFA's Rs 650-cr revival plan

Banks want debt repayment in KFA's Rs 650-cr revival plan

Rediff.com14 Jan 2013

Kingfisher had been asked to give its repayment plan in that meeting, failing which the lenders would not be shy of starting the process to sell its assets pledged with them, bankers said.

Trying to help revive Kingfisher: SBI

Trying to help revive Kingfisher: SBI

Rediff.com5 Dec 2012

Lenders had asked the management to come up with a revival plan and $1 billion capital infusion.

Diageo to buy 53.4% in USL for Rs 11,166 cr

Diageo to buy 53.4% in USL for Rs 11,166 cr

Rediff.com9 Nov 2012

Deal will help the Diageo to ramp up its presence in the global whiskey market and Vijay Mallya to repay debts of its group company Kingfisher Airlines.

Mallya sells more shares in Kingfisher Airlines

Mallya sells more shares in Kingfisher Airlines

Rediff.com20 Nov 2013

Mallya and his UB Group companies, including Kingfisher Finvest, held a 32.12 per cent stake in the airlines as of September.

In a new twist, Indigo, GoAir made parties in Mallya case

In a new twist, Indigo, GoAir made parties in Mallya case

Rediff.com23 Sep 2016

The objections were filed after Airbus failed to repay Rs 196 crore, availed by the aircraft-making company on behalf of Mallya-controlled Kingfisher Airlines

SBI tags Mallya, his 2 firms as wilful defaulters

SBI tags Mallya, his 2 firms as wilful defaulters

Rediff.com22 Nov 2015

Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines

British Grand Prix: Mallya to make rare public appearance

British Grand Prix: Mallya to make rare public appearance

Rediff.com7 Jul 2016

Troubled Indian businessman Vijay Mallya is set to make a rare public appearance in the United Kingdom on Friday when he is scheduled to attend the team bosses press conference ahead of the Formula 1 British Grand Prix.

Sebi steps up l'affaire Mallya probe; to seek overseas help

Sebi steps up l'affaire Mallya probe; to seek overseas help

Rediff.com10 Jul 2016

Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines

Vijay Mallya gets bail from court for not remitting TDS of Rs 266 cr

Vijay Mallya gets bail from court for not remitting TDS of Rs 266 cr

Rediff.com1 Aug 2014

The tax authorities have been piling pressure for a long time against Mallya and on Kingfisher Airlines to cough up the dues.

Lenders to auction Kingfisher Villa on Wednesday

Lenders to auction Kingfisher Villa on Wednesday

Rediff.com18 Oct 2016

Price has been fixed at Rs 85.3cr

UBI asks Mallya, Kingfisher directors to appear on July 9

UBI asks Mallya, Kingfisher directors to appear on July 9

Rediff.com29 Jun 2014

United Bank of India has asked Vijay Mallya and three other directors of grounded Kingfisher Airlines to appear before a panel of the bank at the head office in Kolkata on July 9.

Mallya may face prosecution for not paying tax arrears

Mallya may face prosecution for not paying tax arrears

Rediff.com8 Aug 2013

The indirect tax department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case.

USL's Rs 1,350-cr loan to UB Holdings under cloud

USL's Rs 1,350-cr loan to UB Holdings under cloud

Rediff.com18 Jun 2014

In a disclosure to the markets, United Spirits has said it is awaiting information from UB Holdings for determining the treatment in the company's accounts of the loan together with applicable interest accrued until March 31, 2014.

SBI consortium to take over Kingfisher House

SBI consortium to take over Kingfisher House

Rediff.com24 Feb 2015

Kingfisher House is one of the prime real estates of the airline.

Now, ED summons Mallya in IDBI fraud case

Now, ED summons Mallya in IDBI fraud case

Rediff.com11 Mar 2016

Sources said Mallya has also been asked to furnish documents related to his personal finances

Kingfisher seeks basis of wilful defaulter tag from UCO Bank

Kingfisher seeks basis of wilful defaulter tag from UCO Bank

Rediff.com9 Nov 2014

Grounded Kingfisher Airlines has written to UCO Bank wanting to know the basis of attaching the 'wilful defaulter' tag on the carrier.

Believe it or faint! Mallya says he bought T20 team in CPL for just $100

Believe it or faint! Mallya says he bought T20 team in CPL for just $100

Rediff.com11 Apr 2016

Troubled businessman Vijay Mallya claimed that he paid mere US $100 to buy Barbados Tridents, a franchise in the Caribbean Premier T20 League.

Diageo reduces board rights of Mallya in United Spirits

Diageo reduces board rights of Mallya in United Spirits

Rediff.com2 Oct 2014

Mallya and UBHL now hold a little over 3.3 per cent in USL.

From couches, jet to bathrobe, Mallya's assets up for grabs!

From couches, jet to bathrobe, Mallya's assets up for grabs!

Rediff.com1 Aug 2016

For almost all the properties owned by Vijay Mallya, the reserve price has been marked down after the earlier attempts failed to attract bidders.

4 non-bailable warrants issued against Mallya in GMR cheque case

4 non-bailable warrants issued against Mallya in GMR cheque case

Rediff.com15 Mar 2016

A local court in Hyderabad has issued four more non-bailable warrants (NBWs) against businessman Vijay Mallya after he failed to appear in a court here in connection with alleged dishonour of cheques amounting to Rs 2 crore (Rs 20 million) to GMR Hyderabad International Airport Ltd.